Comments on: How companies should take advantage of markets http://blogs.reuters.com/felix-salmon/2013/12/20/how-companies-should-take-advantage-of-markets/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: AngryInCali http://blogs.reuters.com/felix-salmon/2013/12/20/how-companies-should-take-advantage-of-markets/comment-page-1/#comment-48888 Sat, 21 Dec 2013 23:35:15 +0000 http://blogs.reuters.com/felix-salmon/?p=22900#comment-48888 Does Zuckerberg use 10b5 plan to sell his stock? If so, how does he time his sales based on stick price? If not, how is it not insider trading?

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By: realist50 http://blogs.reuters.com/felix-salmon/2013/12/20/how-companies-should-take-advantage-of-markets/comment-page-1/#comment-48887 Sat, 21 Dec 2013 05:44:31 +0000 http://blogs.reuters.com/felix-salmon/?p=22900#comment-48887 I was really hoping that either Matt Levine or Felix would reference this Steve Wynn quote from almost 6 years ago – http://longorshortcapital.com/translatin g-corporate-speak-wynn-unforseen-upside- edition.htm

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By: FelixSalmon http://blogs.reuters.com/felix-salmon/2013/12/20/how-companies-should-take-advantage-of-markets/comment-page-1/#comment-48885 Fri, 20 Dec 2013 19:56:30 +0000 http://blogs.reuters.com/felix-salmon/?p=22900#comment-48885 @Kid — The new filing does show Zuck’s control going down when he sells his 41 million shares. But it’s still higher than it was before the IPO. And it’s still higher than it was before he got his latest 60 million share stock grant, which is included in the 65.2% figure.

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By: dWj http://blogs.reuters.com/felix-salmon/2013/12/20/how-companies-should-take-advantage-of-markets/comment-page-1/#comment-48883 Fri, 20 Dec 2013 18:21:43 +0000 http://blogs.reuters.com/felix-salmon/?p=22900#comment-48883 From the least cynical possible standpoint, while “cost of equity” is hard to measure, it surely is lower when the price of stock is high than when it’s low; investment opportunities (let’s include in that “liquidity buffers”) that aren’t attractive when cost of funds is high become attractive when cost of funds drops. Facebook doesn’t have to be trying to time the market; if they have some consistent way of estimating how much equity they want as a function of its cost (better yet, directly as a function of the stock price), they end up “buying low” and “selling high” just by trying to reoptimize from time to time.

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By: KidDynamite http://blogs.reuters.com/felix-salmon/2013/12/20/how-companies-should-take-advantage-of-markets/comment-page-1/#comment-48882 Fri, 20 Dec 2013 16:26:26 +0000 http://blogs.reuters.com/felix-salmon/?p=22900#comment-48882 minor nitpicking, Felix: I believe you link to Zuck’s % ownership is from the IPO filing – outdated.

check this one:
http://www.sec.gov/Archives/edgar/data/1 326801/000119312513478298/d646653ds3asr. htm#toc646653_6

which shows that his total control is going from 65.2% to 62.8% if I’m reading it right…

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